RegAlert

Rule · FSC · 5 Sep 2024

Securities and Investment Business (Amendment of Schedule 1) Order, 2024

fx
securities

The Cabinet of the Virgin Islands, acting on the Financial Services Commission’s advice, issued this Order to amend Schedule 1 of the Securities and Investment Business Act. The amendment inserts a new paragraph defining foreign exchange instruments as contracts to exchange one currency for another. Deriving authority from section 108(1) of the Act, the Order takes effect on a date designated by the Minister via Gazette notice.

British Virgin IslandsBritish Virgin Islands Financial Services Commission

VIRGIN ISLANDS
SECURITIES AND INVESTMENT BUSINESS (AMENDMENT OF
SCHEDULE 1) ORDER, 2024
ARRANGEMENT OF SECTIONS
SECTION

  1. Citation and commencement
  2. Schedule 1 amended

2
VIRGIN ISLANDS
STATUTORY INSTRUMENT 2024 NO. 42
SECURITIES AND INVESTMENT BUSINESS ACT (REVISED EDITION 2020) Securities and Investment Business (Amendment of Schedule 1) Order, 2024 [Gazetted5 th September, 2024] The Cabinet, in exercise of the power conferred by section 108 (1) of the Securities and Investment Business Act, Revised Edition 2020, and acting on the advice of the Financial Services Commission, makes this Order. Citation and commencement

  1. (1) This Order may be cited as the Securities and Investment Business
    (Amendment of Schedule 1) Order, 2024.
    (2) This Order shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint.
    Schedule 1 amended
  2. Schedule 1 of the Securities and Investment Business Act, Revised Edition
    2020, is amended by inserting after paragraph 7, the following new paragraph “Instruments for foreign exchange 7A. Contracts to exchange one currency for another.”. Made by the Cabinet this 5 th day of September, 2024. (Sgd.) Sandra Ward, Cabinet Secretary.

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: In force

Act of 2020Act of 2020Securities and InvestmentBusiness (Amendment of Schedu…2024-09-05 · this documentSecurities and Investment Business (Amendment of Schedule 1) Order, 2024 (2024-09-05)Notice: Securities and Investme…2024Notice: Securities and Investment Business (Amendment of Schedule 1) Order 2024 (2024-12-27)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

More like this from FSC

We email you every new FSC publication the day it's published.

Source: British Virgin Islands Financial Services Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.